American Presidents Have it Made When they Retire
From secret service protection to private jets; all expenses paid.
It’s a nice view from retirement land
Thanks to the Former President’s Act. Put in place in 1958. I learned about it back when the second Trump impeachment attempt was all over the news. There was talk about taking away his retirement benefits. And I was thinking at the time — this guy’s a billionaire, what more can he need? Well, it turns out there are some things money can’t buy.
Complimentary medical insurance for life
I’m not even going to go into this one…
A multiple six-figure pension
The annual pay for a retired American President is $219,200 as of 2020. If the President’s wife becomes a widower and doesn’t already have a pension, she is afforded one as well.
Office Relocation costs
There’s no excuse for a President not to leave the office after their term is over. The moving expenses are paid for — including all staffing costs, rental of temporary office space, and postage and shipping. This is paid for by the government for seven months after leaving office.
Permanent private staff and furnished home office
Basically all the closest staff members to the President while he was in office continue working. First 30 months the pay is $150,000 a year and after that it caps at $96,000. Every staff member can be paid this amount.
Secret Service Protection
Protection of the President and his spouse for life. This also includes protection of the President’s children who are under the age of 16.
Travel Expenses & Incidentals
Have a look for yourself:
Pensions and Perks for Former Presidents
The Former Presidents Act of 1958 provides several benefits and perks that are available to presidents after they leave…
It’s for services rendered
For the sacrifices made in office. Every President gives up a major part of their life to serve the American people. That deserves proper compensation.
What do you think?
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